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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Adept Technology Group Plc | LSE:ADT | London | Ordinary Share | GB00B0WY3Y47 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 200.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMADT
RNS Number : 2403J
AdEPT Telecom plc
07 September 2016
AdEPT Telecom plc
("AdEPT" or the "Company")
Director Share Purchase and Institutional Placing
Share Placing
AdEPT (AIM: ADT), one of the UK's leading independent communications integrators and managed service providers, today is pleased to announce that Northland Capital Partners Limited, as the Company's broker, has today conducted a placing of 1,500,000 existing ordinary shares of 10p each in the Company (the "Placing Shares" and the "Placing") to satisfy demand from new and existing institutional investors and an executive director of the Company.
The Placing Shares have been sold on behalf of the beneficiaries to the estate of Christopher Fishwick. The Placing Shares were sold at a price of 235p per share and represent, in aggregate, 6.67 per cent. of the issued share capital of AdEPT.
Subsequent to the Placing, the revised total beneficial interests in the Company of the selling shareholders are set out below:
Placing Shares Resultant shareholding sold Vendor Number % of issued Number % of issued of Ordinary share capital of Ordinary share capital Shares Shares Croyde Limited - - 2,872,500 12.78 Codium Limited 290,400 1.29 1,662,900 7.40 Bittium Limited 459,600 2.04 - - Shelley Fishwick 750,000 3.34 465,000 2.07
Director Share Purchase
As part of the Placing, Richard Burbage, Unified Communications Director, has increased his stake in the Company and purchased 85,000 Placing Shares at 235p per share.
Subsequent to the purchase, the revised total beneficial interest of Richard Burbage in the Company is set out below:
Placing Shares Resultant shareholding purchased Number % of issued Number % of issued of Ordinary share capital of Ordinary share capital Shares Shares Richard Burbage 85,000 0.38 210,000 0.93
For further information on AdEPT Telecom, please visit www.adept-telecom.co.uk or contact:
AdEPT Telecom Plc Roger Wilson, Chairman 07786 111 535 Ian Fishwick, Chief Executive 01892 550 225 John Swaite, Finance Director 01892 550 243 Northland Capital Partners Limited 020 3861 6625 Nominated Adviser Edward Hutton/Gerry Beaney Broking John Howes/Abigail Wayne
This announcement contains inside information for the purposes of Article 7 of EU Market Abuse Regulation 596/2014.
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent providers of voice and data telecommunications solutions. The Company provides a complete communications portfolio of fixed line calls, line rental, mobile, IP telephony, equipment installation, managed services, IT services, Wi-Fi, hardware and data connectivity products. AdEPT's tailored services are used by thousands of businesses and residential customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as BT Openreach, Vodafone, Virgin Media and Avaya.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For further information please visit: www.adept-telecom.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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September 07, 2016 11:49 ET (15:49 GMT)
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